HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 7 Quiz

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Question #1
If a large percentage of an organization's product is purchased by one firm, what situation exists?
A.   High rivalry
B.   A monopoly
C.   High seller market power
D.   High buyer power
Question #2
Which of the following is not one of the driving forces discussed in the text?
A.   Political changes
B.   Technological changes
C.   Chronic disease
D.   Workforce availability
Question #3
In healthcare, GPO stands for
A.   group physician organization
B.   group performance options
C.   group policy ordinance
D.   group-purchasing organization
Question #4
All of the following create barriers to entry except
A.   economies of scale
B.   product differentiation
C.   the size of a market
D.   access to distribution channels
Question #5
Mobility barriers
A.   block organizations from moving into a new industry
B.   impede organizations from moving into a different strategic group
C.   are generally illegal in the United States
D.   increase the rivalry in a market
Question #6
A patient's reluctance to change his physician might be considered
A.   a switching cost
B.   consumer preference
C.   product differentiation
D.   monopolistic competition
Question #7
Governments in healthcare have increased barriers to entry by creating
A.   Medicare
B.   membership requirements
C.   Medicaid
D.   certificate-of-need laws
Question #8
Which of the following is not identified in the text as a factor that may increase rivalry?
A.   Height of exit barriers
B.   Degree of product differentiation
C.   Rate of demand growth
D.   Similar leadership
Question #9
Which of the following is not one of the forces used in Porter's Five Forces model?
A.   Threat of substitutes
B.   Power of key stakeholders
C.   Potential for new entrants
D.   Power of buyers
Question #10
Scenario analysis may be important
A.   for accurately allocating resources across corporate units
B.   for preparing contingencies for potential major changes in the future
C.   to organizations that exist in relatively stable environments
D.   to an organization's success because it enables the organization to accurately predict the future
Question #11
A PEST analysis is a method of
A.   analyzing market demand
B.   determining strategic goals
C.   selecting driving forces
D.   determining patient origin

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